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S. Korean shares open higher on large cap gains

2016/12/27 09:20

SEOUL, Dec. 27 (Yonhap) -- South Korean shares opened slightly higher Tuesday on advances by large market caps.

The benchmark Korea Composite Stock Price Index (KOSPI) added 1.43 points, or 0.07 percent, to 2,039.18 in the first 15 minutes of trading.

Most large caps were in positive terrain.

Market bellwether Samsung Electronics slipped 0.06 percent, but top automaker Hyundai Motor added 0.35 percent while its smaller affiliate Kia Motors advanced 0.38 percent.

Top portal operator Naver gained 0.52 percent, while global steelmaker POSCO advanced 0.59 percent.

The local currency was trading at 1,202.65 won against the U.S. dollar, down 1.25 won from the previous session's close.